Friday, August 1, 2014

Trade Idea Wrap-up: USD/JPY - Sell at 102.75

Dollar's retreat after faltering below this week's high at 103.09 together with the breach of the lower Kumo suggest top is possibly formed and consolidation with mild downside bias is seen for retracement of recent upmove, below 102.15-20 would bring test of previous resistance at 101.94, break there would provide confirmation



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